Stellar Lumens (XLM)

Stellar Lumens (XLM) is a cryptocurrency made by Jed McCaleb and the Stellar Foundation in 2014. Stellar is often described as an open-source, distributed and community owned network used to facilitate cross-asset transfer. Its goal is to create universal access and participation in the global economy. The Stellar exchange has created functions that allow users to transfer crypto into fiat and vice-versa through the help of stablecoins.

The inception of Stellar comes after McCaleb left Ripple, a company he founded, due to disagreements in the direction the network should head toward. After leaving Ripple, McCaleb went on to create the Stellar Foundation, which in turn created the Stellar network.

XLM is the token behind the Stellar network and is often referred to as Lumens. It is often said that Ripple is a fork of Stellar but this is not entirely true Although Stellar may have started its groundwork from the Ripple code, the two codebases are now completely different. For example, Stellar uses a completely different consensus mechanism to Ripple. The key difference between the two is that Stellar is targeted towards helping individuals whereas Ripple intends to help banks.

XLM operates on the Stellar Consensus Protocol which is basically a network of peers that are capable of running the Stellar Consensus Protocol independently. This method of operation, although not as decentralized as traditional Proof-Of-Work protocols, allows for a high degree of efficiency as it allows transactions to occur through a consensus process among accounts in a quorum slice (meaning only a slice of the network needs consensus for the transaction to occur).

In this tag you can discover Stellar Lumens (XLM) news, price prediction, opinion and analysis created by users.

Look at what we talked before about XLM last time"XLM was weak for a few days and strength is getting there. We are over ascending trend line and price is going up almost every day. Support stays at $0.060 level and resistance is still $0.065 level a...

Everyone loves getting free stuff and the same applies to getting free cryptocurrency. Whether it from completing social media tasks to get that airdrop sent to your wallet, retweeting some projects promotion on Twitter or playing with Faucets to get...

Stellar - Creating a common value network Stellar wants to create a global network - a single, shared network of value transfer. Stellar gives everyone access to the financial system, even those without a bank. Approximately 2 billion people are un...

Yesterday, at the close of the markets, I headed over to twitter to check out what was happening with the world. I saw that a group of people called "the XRP army" were saying that the BTC pump would be the fire under the pot of XRP and XLM to pump t...

Stellar Lumens (XLM) is a decentralized crypto-based project that aims to make money move like emails. Its network has attracted the remittances world to move towards a space in which the position of sovereign currencies declined in favor of virtual...

Look at what we talked before about XLM last time "The last 5 days volume was really up and it was trading over ascending trend line and going up like a star. Support stays at $0.063 level and strong. Resistance is $0.0635 and probably after hitting...

Hi everyone, Today I was reading through some news websites and came upon an article that shows cryptocurrency projects and exchanges are donating to help fight COVID-19. This is very noble and a good deed of the crypto industry. Stellar Lumens XLM...

Tezos Becomes The Largest Staking Network Ok, we all love Tezos and it's no secret that XTZ has been ripping up the markets, along with LINK over the past few months. Tezos has one of the highest staking rewards around in the world of proof of stake....

Stellar Lumens is a payment network that allows financial institutions, companies or individuals to send funds to each other in the form of native XLM assets or in the form of IOUs, digital representations of anyone active on the Stellar network. . L...

All over the internet you can find tutorials about how to earn crypto easily. Most of the time, the only thing that you are going to do is waste your time. Doing faucets is the most common way to earn cryptos online. But what is it and why would they...